Apple Is Closing In On $1 Trillion

Apple’s shares have touched the $200 mark for the first time and will be nearing $1 trillion (£762.32 billion) valuation soon. Also, the stocks of the company have risen by 17.5 percent compared to last year.

Canaccord Genuity analysts said “We believe Apple is likely to launch three new iPhones in September with possible lower price points, and greater segmentation could lead to YoY unit growth in C2019.” Apple sold 41.3 million iPhones in the fiscal third quarter, half a million less than expected. But the average iPhone selling price topped expectations by $30, hitting $724.